An Arrangement of Data That Shows the Number of Times

question 12

Multiple Choice

An arrangement of data that shows the number of times each category occurs is called a(n) ____ table.

• A)cross-tabulation
• B)frequency
• C)percentage
• D)pre-coding

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Definitions:

Monthly Payment

Regular payments made over a period of time, typically used in the context of loan repayments.

Borrow

The act of obtaining funds from another party, typically a financial institution, with a promise to repay the principal amount along with interest over a specified period.

Compounded Monthly

A method where interest earned is added to the principal amount on a monthly basis, and future interest is calculated on the new total.

Life of the Loan

The duration over which a loan is scheduled to be repaid.